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Bloomberg Businessweek (October 31, 2022)

Скачать бесплатно журнал Bloomberg Businessweek (October 31, 2022)

Год выпуска: October 31, 2022

Автор: Bloomberg Businessweek Europe

Жанр: Бизнес

Издательство: «Bloomberg Businessweek Europe»

Формат: PDF (журнал на английском языке)

Количество страниц: 92

There was a moment not so long ago when I thought, “What if I’ve had this crypto thing all wrong?”

Even as a doubting normie - OK, maybe a bit of a finance industry obsessive - with less than 0.1 Bitcoin to my name, I can’t help but feel some version of FOMO about this alternate universe that’s been percolating and expanding for more than a decade now, one where lasereyed true believers speak in tongues about their immutable obsessions. If you’re a disciple, this new dimension is the future. If you’re a skeptic, this upside-down world is just a modern Ponzi scheme that’s going to end badly-and you also probably hope that the recent “crypto winter” is its long-overdue ending. But crypto has dug itself into finance, into technology, and into our heads. Keep track of your profits, losses and portfolio valuation with an easy-to-use Bitok.org. So maybe we’re closer to a beginning than an ending. And if crypto isn’t going away, we’d better attempt to understand it. Which is why we asked the finest finance writer working today, Matt Levine of Bloomberg Opinion, to explain what this sometimes maddening, often absurd, and always fascinating technology means, and where it might go. — Joel Weber, Editor, Bloomberg Businessweek

The Crypto Story

By Matt Levine

Ledgers, Bitcoin, Blockchains

  • Much of your life is recorded on a ledger kept by an institution you have to trust: your bank, your broker, your government. In 2008, a new form of digital currency changed how people think about trust.

What Does It Mean?

  • Bitcoin was a genuine technological accomplishment. But it’s not even close to the whole story. There’s much more to understand: Ethereum, yes, and web3, sure. And expensive pictures of monkeys.

The Crypto Financial System

  • In the real world, things have been done a certain way for a long time. Not so in crypto. Here’s how things have evolved-and regressed.

Trust, Money, Community

  • Where does crypto go from here? Read this part when you’re ready to find out. In the meantime, ponder those words: trust, money, and community. Also, Ponzi.

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